The BlackRock Group LTD Boosts Stake in Emerson Electric Company (EMR)

Posted February 17, 2017

The firm owned 34,562 shares of the company's stock after selling 20,125 shares during the period. Arcadia Investment Management Corp MI now owns 2,471 shares of the company's stock valued at $135,000 after buying an additional 190 shares in the last quarter. Its share price has risen 3.93% in three months and is up 3.31% for the last five trades. Longview Partners Guernsey LTD now owns 13,079,698 shares of the company's stock worth $712,974,000 after buying an additional 202,009 shares during the last quarter. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.13. Bank of New York Mellon Corp boosted its position in Emerson Electric Company by 0.7% in the third quarter. Buckhead Capital Management LLC now owns 9,135 shares of the company's stock valued at $498,000 after buying an additional 30 shares during the last quarter.

While trading at volume above than average, Emerson Electric Co. Shares have risen 17.91% over the trailing 6 months. Vanguard Group Inc. boosted its position in General Electric Company by 0.6% in the second quarter.

EMR is ahead its 52-week low with 43.85%and going down from its 52-week high price with -0.20%.

Emerson Electric Company (NYSE:EMR) witnessed a decline in the market cap on Thursday as its shares dropped 1.3% or 0.83 points. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. Argus reaffirmed a "buy" rating and issued a $36.00 price target on shares of General Electric Company in a report on Monday, October 24th. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Emerson Electric Company (EMR) formally announced its most recent dividend on February 7, 2017 with a Dividend per share of $0.48. After the session commenced at $63.58, the stock reached the higher end at $63.59 while it hit a low of $62.3834. The average revenue estimate for the year ending September 2017 is $14.67B by 23 analysts. The company had revenue of $3216.00 million for the quarter, compared to analysts expectations of $3148.40 million.

Analysts give CNP a mean recommendation of 2.70.

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, February 17th will be given a dividend of $0.48 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, February 15th. The company's P/E is 25.07 and Forward P/E ratio is 22.88. If you are accessing this report on another publication, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. The correct version of this piece of content can be accessed at [[permalink]].

Several brokerages recently commented on EMR. 21 Analysts reported that the Price Target for Emerson Electric Co. might touch $70 high while the Average Price Target and Low price Target is $58.81 and $41 respectively. Emerson Electric Company has a consensus rating of "Hold" and a consensus price target of $54.68. In the ratings chart, 1 analyst gave ratings of underweight for the previous quarter.

Many research firms have provided their ratings on Emerson Electric Co. The stock was rated "Hold" by 9 number of analysts in current phase, 2 analysts rated at "Overweight", while 2 experts rated it as a "Sell" security. The company has a Mean Recommendation of 3.16 based on a scale of 1-5 provided by Thomson Reuters. Also, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $63.31, for a total transaction of $496,287.09.

Several other hedge funds and other institutional investors have also bought and sold shares of the company.